- Operation Chokepoint 2.0 threatens the crypto industry with debanking. Jason Lau from OKX believes that relationships with banks and regulators are key to survival. - In the US and around the world, crypto companies are facing issues, including sudden account freezes and denial of service. - In the UK, new laws are being discussed to protect consumers from arbitrary actions by banks.
Google updates its cryptocurrency advertising policy in the UK. From January 2025, advertisers will be able to promote cryptocurrency exchanges and wallets only after registering with the FCA. 📉
- Advertisements for hardware wallets are also allowed, but without additional services. - Regulators are intensifying the fight against unauthorized crypto advertising. - The FCA warns about the risks associated with unregulated projects, such as Solana meme coins.
Bitcoin is in the red again! 📉 BTC has been declining for three days in a row, the first time since November, when Trump won the election. The price has fallen by 15% from its historical maximum, but analysts say that the correction is almost complete. However, not everyone is so optimistic: some traders predict a further fall to $85,000. Coinbase sales have reached record levels, and losses amounted to $28.9 million in 5 days.
BPCE, one of Europe's largest banks, has received approval from the French regulator AMF to launch the crypto service Hexarq. 🚀 Hexarq will offer cryptocurrency storage and trading services from 2025. Despite this, BPCE is in no hurry to disclose details. Only four companies, including Hexarq, have received such permission from the AMF. Do you think this is the beginning of a new era or just another step into the unknown?
Barclays-backed Copper Technologies has withdrawn its application for a UK crypto license. The company will focus on overseas markets under a new CEO. Copper failed to obtain FCA registration in 2022 and is now seeking licenses in Switzerland, Hong Kong, and Abu Dhabi. Almost 90% of UK crypto license applications were rejected or withdrawn in 2024. 📉
Bitcoin is back in the spotlight! 😅 After a sharp drop of $12,000 in two days, BTC is scaring investors by reaching $96,000. Liquidations of $900 million and record outflows from US ETFs of $679 million speak volumes. Analysts warn: $90,000 is not the bottom. $60-67k is on the horizon. The US Federal Reserve has added fuel to the fire by slowing the pace of rate cuts. Be careful, the market is extremely vulnerable!
Investors have filed a lawsuit against the creators of the meme coin Hawk Tuah, accusing them of selling unregistered securities. After its launch on December 4, the capitalization of HAWK soared to $491 million, but soon fell by 90%. Social media users have called it a "pump and dump" scheme. Influential figure Hailey Welch denies insider trading, while YouTuber Coffeezilla claims it was not a "rug pull". 📉
North Korean hackers doubled the volume of stolen digital assets in 2024, stealing more than $1.3 billion in 47 incidents, according to Chainalysis. This accounts for 61% of all thefts for the year. Despite a decrease in activity in the third and fourth quarters, the DPRK continues to refine its methods. 🕵️♂️ The impact of political ties with Russia remains unclear, but thefts during the holidays could change the situation.
📉 Bitcoin (BTC) reached $100,000, but long-term holders began to take profits, reducing their holdings from $14.23 billion to $13.31 billion. Short-term investors are offsetting this pressure, supporting the price. Bitfinex analysts believe that the correction will be moderate, and institutional demand could push BTC to $145,000 by 2025. Meanwhile, rumors about a U.S. strategic reserve are fueling interest.
🇳🇬 Attention, crypto enthusiasts! The Nigerian Securities and Exchange Commission has updated regulations for the crypto market. VASPs and "finfluencers" are now required to obtain approval before promoting crypto products. Violators risk fines and even imprisonment. The rules come into effect in 2025, and so far only two exchanges have received licenses. Stay tuned for news to avoid pitfalls!
🚨 In 2024, losses from crypto fraud and hacks increased by 21%!
- Centralized services and private keys have become the main targets. - Major hacks: WazirX (-$235M) and DMM (-$305M). - AI and quantum vulnerabilities may worsen the situation. - Investors are reevaluating their attitude towards crypto, but risks remain.
🔍 In Scandinavian countries, financial transparency poses a threat to cryptocurrency holders. The publication of income and asset data makes them an easy target for criminals. Recent attacks in Norway and Sweden confirm these concerns. Experts advise crypto holders not to flaunt their wealth and to create "dummy" wallets for protection. Security issues remain relevant as transparency jeopardizes personal safety.
Binance.US plans to return with dollar services in early 2025, despite past issues with regulators and lawsuits. 🚧 Interim CEO Norman Reed is confident that this will be a breakthrough for the platform. However, considering recent fines and restrictions, the path to recovery may be more challenging than it seems. Binance.US promises low fees and high rewards, but will it be able to meet expectations?
📉 According to a Binance survey, meme coins have surpassed Bitcoin in the wallets of crypto holders! 16% of respondents hold meme coins, while Bitcoin is held by 14.44%. Interestingly, meme coins also lead in forecasts for 2025, second only to artificial intelligence tokens. Although meme coins are popular, experts warn of the potential for a repeat of the fate of ICOs and NFTs. 🤔
- Now the acceptance of Bitcoin for business will be voluntary, and the state's participation in the Chivo crypto wallet will be rolled back. - As part of the deal with the IMF for $1.4 billion, taxes will be paid only in dollars. - Despite statements from the president's advisors, polls show that 92% of the population do not use Bitcoin for transactions.
The future of Bitcoin in the country is in question!
📉 Crypto market in panic: after the Fed's rate cut of 0.25%, Bitcoin fell by 4.6% to $101,300, and Ether by 5.96% to $3,600. Although traders expected a decline, Powell's statement about only two cuts in 2025 caused confusion. The Fed also raised its inflation forecast to 2.5%. Analysts note that BTC may recover if the price returns to the $100K-$101,400 range.
Synthetix launches multi-collateral perps on the Base network from Coinbase, expanding opportunities for traders to use cbBTC and cbETH as collateral. This is part of the update following the changes in governance in October. With the launch of its own perps application, Synthetix aims to become a flagship in the world of derivatives. But will this be enough to maintain market positions? 🤔
Coinbase won the court case against BiT Global! 🎉 The judge refused to prohibit the delisting of Wrapped Bitcoin, stating that BiT Global's arguments about "irreparable damage" were weak and speculative. BiT Global filed a lawsuit claiming that Coinbase's decision would cause huge losses for wBTC holders. But the judge noted that the delay in filing the lawsuit undermines their position. Stay tuned for updates!
OpenSea registered in the Caymans, fueling rumors of a potential token airdrop. 😮 At the same time, CyberKongz received a notification from the SEC, which could lead to serious consequences for gaming tokens. Meanwhile, the Pudgy Penguins token has dropped by more than 50% after launch. NFTs continue to attract attention, but the market is clearly unstable.
The Hong Kong Securities and Futures Commission (SFC) has doubled the number of approved virtual asset trading platforms (VATP), adding four new companies.
- The new licenses were granted to Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology. - The licensing process includes strict checks, including client asset protection and cybersecurity. - The SFC aims to balance investor protection with ecosystem development. 🤔
Only four cryptocurrencies are available for purchase in Hong Kong: BTC, ETH, AVA, and LINK.